Investment Opportunity Emerald Bay Professional Center

Retail-Commercial for Sale
Catylist Listing ID: 30297556
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 7,550 SF
Gross Land Area: 0.74 Acres
Sale Price: $400,000
Unit Price: $52.98 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Emerald Bay Professional Center
Sale Terms: Cash to Seller
Cap Rate: 7.87%
Average Occupancy Rate: 90
Last Updated: 8/7/2018

Overview / Comments

Investment opportunity with current tenants
Emerald Bay Professional Center; Two buildings
Brick exterior, concrete slab, composite shingle roof
Adequate parking located in the front or side.
89.3% occupancy
Located on FM 344 W at the entrance to Emerald Bay Community. Two miles east of Hwy. 155. eleven miles south of Loop 323
Direct access to FM 344. Provides great visibility to and from the highway.

Building A: Approx. 4,326 sf
Built in 1983
Suite A is retail/office finish-out; Suite B is built out for a salon user

Building B: Approx. 3,224 sf
Build in 2001
Professional office finish-out

Additional Details

Nearest MSA: Jacksonville
County: Cherokee
Taxing Authority: SCAD
Retail Clientele: General, Family, Business
Property Located Between: Hwy. 155 & FM 346
Property Visibility: Good
Largest Nearby Street: Hwy. 155
Highway Access: Easy access to Hwy. 155 & Hwy. 69
Site Description: Mixed use strip center
Area Description: Located on FM 344 W at the entrance to Emerald Bay Community on Lake Palestine
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1983
Year Renovated: 2001
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Water Service: Other
Sewer Type: None

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,885 19,657
Median Age: 44.2 43.27
Households: 3,196 7,806

Contact

Photograph of Listing Agent

Matthew K Marshall

Drake Real Estate & Investments GTAR Commercial Member
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